Laserfiche WebLink
201604149 <br />202400900 <br />cancelable, terminable or modifiable without ten (10) days prior written notice to Beneficiary. Trustor's <br />insurance company shall furnish Beneficiary copies of all statements/documents, as well as a certificate of <br />insurance coverage at Beneficiary's request, with a provision in such certificate that the insurer shall provide <br />Beneficiary ten (10) days advance notice of any cancellation of the policy at any time for any reason, or of <br />expiration of policy without renewal thereof. Trustor shall promptly repair, maintain, and replace the Trust <br />Estate or any part thereof so that, except for ordinary wear and tear, the Trust Estate shall not deteriorate. In <br />no event shall the Trustor commit waste on or to the Trust Estate. <br />4. ENVIRONMENTAL COMPLIANCE. Trustor shall comply with all federal, state, <br />and local environmental laws, ordinances, rules, requirements, regulations, and publications as now existing <br />or hereafter existing, amended, supplemented, or supplanted relating to the preservation of the environment <br />or the regulation or control of toxic or hazardous substances or materials. Trustor hereby warrants and <br />represents to Beneficiary that there are no toxic or hazardous substances or materials on or under the Property. <br />Trustor does hereby indemnify and hold Beneficiary harmless and any successors to Beneficiary's interest <br />from and against any and all claims, damages, losses, and liabilities arising in connection with the presence, <br />use, disposal, or transport of any substance which is the subject of any environmental law, regulation, or <br />control of toxic or hazardous substances or materials on, under, from, or about the Property. This indemnity <br />shall survive reconveyance of the Property secured by this Trust Deed. <br />5. ACTIONS AFFECTING TRUST ESTATE. Trustor shall appear in and contest any <br />action or proceeding purporting to affect the security hereof or the rights or powers of Beneficiary or Trustee, <br />and shall pay all costs and expenses, including cost of evidence of title and attorney's fees, in any such action <br />or proceeding in which Beneficiary or Trustee may appear. Should Trustor fail to make any payment or to <br />do any act as and in the manner provided in any of the Loan Instruments, Beneficiary and/or Trustee, hi its <br />own discretion, without obligation so to do and without notice to or demand upon Trustor and without <br />releasing Trustor from any obligation, may make or do the same in such manner and to such ex!ent as either <br />may deem necessary to protect the security hereof. Trustor shall, immediately upon demand therefor by <br />Beneficiary, pay all costs and expenses incurred by Beneficiary in connection with the exercise by <br />Beneficiary of the foregoing rights, including without limitation costs of evidence of title, court costs, <br />appraisals, surveys and attomey's fees. Any such costs and expenses not paid within ten (10) days of written <br />demand shall draw interest at the default rate provided in the Note. <br />6. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest <br />therein, be taken or damaged by reason of any public improvement or condemnation proceeding, or in any <br />other manner including deed in lieu of Condemnation ("Condemnation"), or should Trustor receive any notice <br />or other information regarding such proceeding, Trustor shall give prompt written notice thereof to <br />Beneficiary. Beneficiary shall be entitled to all compensation, awards and other payments or relief therefor, <br />and shall be entitled at its option to commence, appear in and prosecute in its own name any action or <br />proceedings. Beneficiary shall also be entitled to make any compromise or settlement in connection with <br />such taking or damage. All such compensation, awards, damages, rights of action and proceeds awarded to <br />Trustor (the "Proceeds") are hereby assigned to Beneficiary and Trustor agrees to execute such further <br />assignments of the Proceeds as Beneficiary or Trustee may require. <br />7. FUTURE ADVANCES. Upon request of Trustor, Beneficiary, at Beneficiary's <br />option, prior to reconveyance of the Property to Trustor may make future advances to Trustor. Such future <br />advances, with interest thereon, shall be secured by this Deed of Trust when evidenced by promissory notes <br />stating that said notes are secured hereby. <br />8. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time, <br />by a written instrument executed and acknowledged by Beneficiary, mailed to Trustor and Recorded in the <br />County in which the Trust Estate is located and by otherwise complying with the provisions of the applicable <br />law of the State of Nebraska substitute a successor or successors to the Trustee named herein or acting <br />hereunder. <br />9. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit <br />of and binds all parties hereto, their heirs, legatees, divorcees, personal representatives, successors and <br />assigns. The term "Beneficiary" shall mean the owner and holder of the Note, whether or not named as <br />Beneficiary herein. <br />10. INSPECTIONS. Beneficiary, or its agents may make reasonable entries upon and <br />inspections of the Property. Beneficiary shall give Trustor notice at the time of or prior to an inspection <br />specifying reasonable cause for the inspection. <br />11. TRUSTOR NOT RELEASED; FORBEARANCE BY BENEFICIARY NOT A <br />WAIVER. Extension of the time for payment or modification of amortization of the sums secured by this <br />Security Instrument granted by Beneficiary to any successor in interest of Trustor shall not operate to release <br />the liability of the original Trustor or Trustor's successors in interest. Beneficiary shall not be required to <br />commence proceedings against any successor in interest or refuse to extend time for payment or otherwise <br />modify amortization of the sums secured by this Security instrument by reason of any demand made by the <br />original Trustor or Trustor's successors in interest. Any forbearance by Beneficiary in exercising any right <br />or remedy shall not be a waiver of or preclude the exercise of any right or remedy. <br />12. TRANSFER OF THE PROPERTY OR A BENEFICIAL INTEREST IN TRUSTOR. <br />1 f all or any part of the Property or any interest in it is sold or transferred (or if a beneficial interest in Trustor <br />is sold or transferred and Trustor is not a natural person) without Beneficiary's prior written consent, <br />Beneficiary may, at its option, require immediate payment in full of all sums secured by this Security <br />2 <br />